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Your Flotek Breakdown: Valuations, Targets, and More

PART:
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Part 7
Your Flotek Breakdown: Valuations, Targets, and More PART 7 OF 7

Flotek on the Street: The Latest Analyst Recommendations

Analyst ratings for Flotek Industries

According to Reuters, on June 30, 2017, all of the sell-side analysts tracking Flotek Industries (FTK) have rated the stock a “buy” or some equivalent. By comparison, only around 50% of analysts tracking Core Laboratories (CLB) have rated the stock a “buy” or some equivalent as of the same date.

Flotek on the Street: The Latest Analyst Recommendations

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FTK’s rating changes and target prices

From March 30, 2017, to June 30, 2017, the percentage of analysts recommending a “buy” or some equivalent for FTK has remained unchanged at 100%. Approximately 80% of the sell-side analysts had recommended a “buy” for FTK one year ago.

The analysts’ mean target price for Flotek Industries on June 30 was $10. FTK is currently trading at ~$9.0, implying ~12% upside at its current target price. The analysts’ average target price for FTK has fallen significantly from the $18.7 we saw one month ago.

The mean target price among sell-side analysts for Superior Energy Services (SPN) is $16.6. SPN is currently trading at ~$10.4, implying a ~59% upside based on its mean target price.

The mean target price among sell-side analysts for CARBO Ceramics (CRR) is ~$10.7. CRR is currently trading at ~$6.9, implying a 56% potential return based on its average target price.

ETFs and the industry

Notably, Flotek Industries makes up 0.01% of the iShares Russell 2000 Growth ETF (IWO). IWO has risen 23% in the past year, compared with FTK’s 32% fall.

You can learn more about the oilfield services and equipment industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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